CAKE has seen a strong reversal and break-out today. Since yesterday's low, CAKE has seen an incredible 55% gain, with potentially more gains in stock.
Today's channel break-out went with such force that a continuation of this bullish trend is to be expected.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
Today's channel break-out went with such force that a continuation of this bullish trend is to be expected.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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